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Real Estate
Reply to "Is it a good time to buy now?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]With rates over 7% it seems impossible for prices to increase over next few years. Much more likely for prices to drop.[/quote] Have to agree. I put a house on the market last Thursday and so far the highest bidder is only $55,000 above list price. Deadline is 6 pm tonight so we will see. Earlier this year a similar house sold for $75,009 above lust so that is a solid $20K price drop. [/quote] No it's not a "price drop", it's you pricing the home incorrectly to start with. I mean "only $55K over ask"? The horror![/quote] Priced it based on the last three comps sold in March, July, and August. And with the last offer we got at 5:45 pm, it will go $63K over ask for the August comp. [/quote]
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